Schneider National Achieves Milestone with Clean Power Fleet

Schneider National's Major Sustainability Milestone

In a remarkable achievement, Schneider National, Inc. (NYSE: SNDR), a leading multimodal provider of transportation, intermodal, and logistics services, has announced that its battery electric vehicle (BEV) fleet has surpassed six million zero emission miles. This milestone represents a significant step forward in the company's commitment to reducing carbon emissions and promoting cleaner transportation methods.

The Impact of Six Million Zero Emission Miles

Reaching six million zero emission miles not only highlights Schneider's dedication to sustainability and innovation but also illustrates the tangible benefits of adopting electric vehicle technology. Mark Rourke, President and CEO of Schneider, emphasizes that this achievement serves as a testament to the company’s commitment to an eco-friendlier approach to logistics. The successful implementation of BEVs translates into a remarkable reduction of 20 million pounds of carbon dioxide (CO2) emissions, akin to taking over 2,100 gasoline-powered vehicles off the roads for a year.

Leading the Electric Vehicle Revolution

Schneider operates one of the most extensive BEV fleets across North America, with nearly 100 Freightliner eCascadias, manufactured by Daimler Truck North America LLC. The company's commitment to electrification is further underscored by its substantial charging infrastructure located at its Southern California Operations Center in South El Monte, featuring 16 dual-corded dispensers capable of charging 32 trucks simultaneously.

The Assurance of Strategic Partnerships

David Carson, Senior Vice President of Sales and Marketing at DTNA, praised Schneider as a prime example of the forward-thinking entrepreneurship needed in the transportation industry. He noted that Schneider’s milestone reinforces the importance of collaboration to overcome challenges in the journey towards zero emissions. DTNA is committed to advancing this shift, alongside innovative companies like Schneider that are pioneering solutions in the realm of sustainable transport.

Customer Benefits through Sustainable Practices

Schneider is not only focused on its sustainability goals for its operations but actively supports its customers in achieving their objectives. The BEV fleet serves as a key differentiator, propelling Schneider ahead of competitors and providing effective and efficient transportation solutions. Recently, Schneider made headlines by becoming the first third-party carrier to facilitate zero emission shipments for PepsiCo, achieving over 31,000 zero emission miles within a few months.

Addressing Environmental Challenges Together

David Allen, Vice President and Chief Sustainability Officer at PepsiCo Foods North America, expressed pride in collaborating with Schneider. The partnership showcases the power of cross-industry collaboration in reducing emissions and working towards a healthier environment.

Positive Experiences from Drivers

The transition to electric vehicles has also been well received by Schneider's drivers, who report a more enjoyable and efficient on-road experience. Drivers appreciate features such as the smooth ride and quieter operation of electric trucks, indicating a preference for the electric options over traditional diesel trucks.

Real Feedback from Schneider Drivers

Longtime Schneider driver Marty Boots shared his experience, stating, "Once you drive an electric truck, you won’t want to go back to a diesel truck. The ride quality and the quietness make a huge difference in our daily operations," emphasizing the positive reception among the company’s driving workforce.

Community Contributions and Emission Reductions

Operating primarily in Southern California, Schneider’s eCascadias have played a crucial role in diminishing emissions and enhancing air quality. The company has aligned with several grants and initiatives designed to improve public health and combat air quality issues, including support from organizations like the California Air Resources Board and the California Energy Commission’s Joint Electric Truck Scaling Initiative (JETSI).

Out of the 92 eCascadias, fifty were funded through JETSI, aimed at reducing greenhouse gas emissions and enhancing the local economy. Other funding sources include the U.S. EPA’s FY18 Targeted Airshed Grant and the Volkswagen Environmental Mitigation Trust.

Future Commitments Beyond Electric Vehicles

Schneider National is dedicated to an even broader commitment towards sustainability, with goals to reduce CO2 emissions by 7.5% per mile by 2025 and achieve a 60% reduction by 2035. The company is diversifying its efforts beyond just BEVs by exploring alternative solutions like renewable natural gas and hydrogen internal combustion engines. All non-BEV tractors in Schneider’s fleet utilize a mix of biodiesel and conventional diesel, further contributing to reduced environmental impact.

For more insights into Schneider’s extensive sustainability initiatives, please visit their website to discover how they are revolutionizing the transportation sector and ensuring a cleaner, more sustainable future.

About Schneider

Schneider has been at the forefront of innovation in the transportation, intermodal, and logistics services industry for nearly 90 years. With a comprehensive portfolio that includes regional and long-haul truckload, expedited, dedicated, bulk, intermodal services, and more, Schneider continues to redefine customer experiences while prioritizing safety and sustainability.

Through the Schneider FreightPower digital marketplace, shippers gain access to a flexible capacity network, while carriers can easily connect with quality drop-and-hook freight, driving forward the company’s mission of delivering superior logistics solutions.

Frequently Asked Questions

What does Schneider National's recent milestone signify?

The milestone signifies exceeding six million zero emission miles with their battery electric vehicle fleet, highlighting their commitment to sustainability.

What are the environmental benefits of Schneider's BEV fleet?

Schneider's BEV fleet has eliminated 20 million pounds of CO2 emissions, equivalent to removing over 2,100 gas-powered vehicles from the roads.

How does Schneider support its customers in sustainability?

Schneider aids customers in meeting their sustainability goals by offering efficient transportation solutions via its BEV fleet.

What feedback have Schneider drivers given about electric trucks?

Drivers have reported a positive on-road experience, praising the smooth ride quality and reduced noise compared to diesel trucks.

What future sustainability goals does Schneider aim for?

Schneider aims to reduce CO2 emissions by 7.5% per mile by 2025 and 60% by 2035, exploring multiple eco-friendly solutions in the process.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.